Basis: Trailing twelve months (TTM). Source: stored company filings and market data; unavailable inputs remain N/A.
The yield on cost (YOC) is 3.88%.
YIELD ON COST (YOC)
3.88%
PAYX now pays $4.54 per share a year. Measured against the price it actually traded at back then, a long-term holder is earning:
| If you bought | Price then | Yield on cost today |
|---|---|---|
| 10 years ago(2016-09-06) | $61.24 | 7.41% |
| 5 years ago(2021-09-14) | $109.66 | 4.14% |
| 3 years ago(2023-09-05) | $121.37 | 3.74% |
| 1 year ago(2025-09-09) | $134.41 | 3.38% |
| Buying today(at $115.42) | $115.42 | 3.88% |
Projection: starting from today's 3.88% yield, assuming the dividend keeps compounding at 12.9% a year — the recent growth rate of its annual payout. Boards set dividends each year, so actual figures will differ.
Today
3.88%
In 3 years
5.58%
In 5 years
7.11%
In 10 years
13.03%
Try your own purchase price, dividend and growth rate for Paychex, Inc. (PAYX).
Starting Yield
3.93%
Ending YOC
19.39%
Year 15 Dividend
$22.38
Cum. Dividends Recd.
$176.81
| Year | Projected Div. / Share | YoY Dividend Hike | Yield on Cost (YOC) | Total Dividends Recd. |
|---|---|---|---|---|
| Initial | $4.54 | N/A | 3.93% | $0.00 |
| Year 1 | $5.05 | +11.22% | 4.37% | $5.05 |
| Year 2 | $5.62 | +11.22% | 4.87% | $10.67 |
| Year 3 | $6.25 | +11.22% | 5.41% | $16.91 |
| Year 4 | $6.95 | +11.22% | 6.02% | $23.86 |
| Year 5 | $7.73 | +11.22% | 6.69% | $31.58 |
| Year 6 | $8.59 | +11.22% | 7.44% | $40.18 |
| Year 7 | $9.56 | +11.22% | 8.28% | $49.73 |
| Year 8 | $10.63 | +11.22% | 9.21% | $60.36 |
| Year 9 | $11.82 | +11.22% | 10.24% | $72.19 |
| Year 10 | $13.15 | +11.22% | 11.39% | $85.34 |
| Year 11 | $14.62 | +11.22% | 12.67% | $99.96 |
| Year 12 | $16.26 | +11.22% | 14.09% | $116.22 |
| Year 13 | $18.09 | +11.22% | 15.67% | $134.31 |
| Year 14 | $20.12 | +11.22% | 17.43% | $154.43 |
| Year 15 | $22.38 | +11.22% | 19.39% | $176.81 |
Yield on cost is the dividend yield measured against your original purchase price, not today's price. As a company raises its dividend, the yield on what you actually paid keeps rising even when the market yield holds steady.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
